I'm thinking of buying another rental property. I don't feel like shedding 100k in cashdown on a 500k loan.
Could I get away with 10% down with a FICO score around 720-730?
Probably, it depends on how far away it is from your primary residence, guidelines are easier if the home is 36 miles away, then you can consider it a second home and not an investment home. I work for CW now, not sure we would do it on an investment home, but there is a bank out there that would. Tbh with you, CW is a Prime lender so it's practices haven't changed a whole lot, with the exception of no more 100% loans, in Mi. anyway. I don't deal with other banks anymore so I am not really sure about how tight they have gotten on investments in California especially considering I don't deal with California loans. My advise is to call your broker, that's his job, he will not be mad at you for calling and asking, trust me.